Who Has Better Ethics, the Social Security System or Bernie Madoff?

Tags Big GovernmentEconomic FreedomU.S. Economy

12/08/2022Patrick Barron

Narrator:

Nearly everyone has heard of Bernie Madoff and rightly associates his name with financial fraud. Yet, the Social Security system is built on a Ponzi scheme similar to what Madoff created.

Original Article: "Who Has Better Ethics, the Social Security System or Bernie Madoff?"

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Author:

Contact Patrick Barron

Patrick Barron is a private consultant to the banking industry. He has taught an introductory course in Austrian economics for several years at the University of Iowa. He has also taught at the Graduate School of Banking at the University of Wisconsin for over twenty-five years, and has delivered many presentations at the European Parliament.